Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,051 shares of the company’s stock after selling 366 shares during the quarter. D.A. Davidson & CO.’s holdings in Brookfield Infrastructure were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BIPC. Lazard Asset Management LLC purchased a new stake in Brookfield Infrastructure in the first quarter valued at $73,000. Nisa Investment Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after buying an additional 288 shares during the last quarter. CWM LLC raised its position in Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after acquiring an additional 305 shares in the last quarter. Covestor Ltd raised its position in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after acquiring an additional 1,900 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC opened at $44.89 on Friday. The firm’s 50 day simple moving average is $42.89 and its 200-day simple moving average is $39.03. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 31.17 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.61%. Brookfield Infrastructure’s payout ratio is 112.50%.

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.